This article contains 267 words.

J - Glossary - Don Wixom, Nampa, Caldwell, Boise, Eagle, Meridian

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JThere are 8 entries in the glossary.Pages: 1 Joint TenancyA form of co-ownership that gives each tenant equal interest and equal rights in the property, including the right of survivorship. Joint ventureAn equity participation in which a lender puts up funds and others, such as developers, contribute expertise. Other examples include the participation of non-profits agencies with for-profit agencies where one provides the debt and the other the equity. JoistsWood beams in a house to which the floor is nailed and the ceiling lath of the floor below is nailed. JudgmentA decision made by a court of law. In judgments that require the repayment of a debt, the court may place a lien against the debtor's real property as collateral for the judgment's creditor. Judgment LienA lien on the property of a debtor resulting from the decree of a court. Judicial ForeclosureA type of foreclosure proceeding used in some states that is handled as a civil lawsuit and conducted entirely under the auspices of a court. Jumbo LoanA loan that exceeds mortgage amount limits. Also called a nonconforming loan. Junior mortgageAny mortgage on a property that is subordinate to a senior mortgage in priority. 

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